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Siemens to buy Mentor Graphics for $4.5B

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Siemens AG announced today it agreed to buy Mentor Graphics Corp. in a deal valued at $4.5 billion.

The German engineering company will pay $37.25 in cash for each of Mentor's shares.

Based in the United States, Mentor makes software for automating the design of chips, boards and other electronic products.

Read more from MarketWatch Pulse.

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